Gary Siegel is a journalist with more than 35 years of experience. He started his professional career at the Long Island Journal newspapers based in Long Beach, N.Y., working his way up from reporter to Assistant Managing Editor. Siegel also worked for Prentice-Hall in Paramus, N.J., covering human resources issues. Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.
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The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 3 5/8% coupon at a 3.758% high yield, a price of 97.618838.
By Gary SiegelOctober 10 -
The Treasury Department said it will auction $22 billion year bills on Oct. 16.
By Gary SiegelOctober 10 -
The Treasury Department said Thursday it will auction $35 billion 91-day bills and $30 billion 182-day discount bills Tuesday.
By Gary SiegelOctober 10 -
Federal Open Market Committee members wanted evidence the progress would be sustained before they reduced asset purchases, and there was talk of reducing purchases of Treasuries, while maintaining the purchase level of mortgage-backed securities, according to minutes of its latest meeting, released Wednesday.
By Gary SiegelOctober 9 -
The Treasury Department auctioned $21 billion of 9-year 10-month notes with a 2 1/2% coupon at a 2.657% high yield, a price of 98.645362.
By Gary SiegelOctober 9 -
The Treasury Department Tuesday sold $35 billion 5-day cash management bills, dated Oct. 10, due Oct. 15, at a 0.300% high tender rate.
By Gary SiegelOctober 9 -
The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 5/8% coupon at a 0.710% yield, a price of 99.748139.
By Gary SiegelOctober 8 -
The Federal Open Market Committee "missed an excellent opportunity" when it failed to taper its asset purchases at its most recent meeting, and this lack of action "undermines the credibility of its own forward guidance," Federal Reserve Bank of Philadelphia President and Chief Executive Officer Charles I. Plosser said Tuesday.
By Gary SiegelOctober 8 -
Monetary policy "still has a big job to do," and the Fed needs "to be cautious in our expansion of asset purchases," Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto said Tuesday.
By Gary SiegelOctober 8 -
The Treasury Department Tuesday auctioned $30 billion of four-week bills at a 0.350% high yield, a price of 99.972778.
By Gary SiegelOctober 8 -
The Treasury Department said it will auction $35 billion 5-day cash management bills on Wednesday, October 9.
By Gary SiegelOctober 8 -
Consumer credit increased by $13.6 billion, or 5.4%, in August to $3.037 trillion, the Federal Reserve reported Monday.
By Gary SiegelOctober 7 -
Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.035% high rate, up from 0.010% the prior week, and the six-months incurred a 0.060% high rate, up from 0.040% the week before.
By Gary SiegelOctober 7 -
The Treasury Department said Monday it will sell $30 billion of four-week discount bills Tuesday.
By Gary SiegelOctober 7 -
Monetary policy can help the pace of recovery in the labor market Federal Reserve Bank of Minneapolis President Narayana Kocherlakota reiterated Friday, noting that the labor market has improved at a "painfully slow" rate the past four years.
By Gary SiegelOctober 4 -
U.S. inflationary pressures were unchanged in September, as the U.S. future inflation gauge remained at 100.0 after August's number was revised down from the originally reported 100.8, according to data released Friday morning by the Economic Cycle Research Institute.
By Gary SiegelOctober 4 -
Using a "multiyear policy perspective" would lower "the uncertainty that monetary policy as it is currently conducted spawns," according to Federal Reserve Bank of Dallas President Richard Fisher.
By Gary SiegelOctober 3 -
The Treasury Department said it will auction $13 billion 29-year, 10-month bonds on Oct. 10.
By Gary SiegelOctober 3 -
The Treasury Department said it will auction $30 billion three-year notes on Oct. 8.
By Gary SiegelOctober 3 -
The Treasury Department said it will auction $21 billion 9-year, 10-month notes on Oct. 9.
By Gary SiegelOctober 3
